Gold Rate Today: Gold’s ability to increase in value in response to changes in exchange rates makes it a popular stand-in. You may want to hold off on investing because the price of gold has just gone up a little. When other assets tend to lose value, gold has shown to be a reliable investment during unstable financial times. When the economy is unstable, its value typically remains the same or even increases. One thing that distinguishes the Indian financial sector from others is the continuous depreciation of the US dollar in relation to the Indian rupee.
Gold Rate Today: Checkout the rates on MCX
Gold futures with a maturity date of August 5, 2024 and a price of Rs 71615 per 10 grams are presently trading at the MCX after rising 0.06 percent. Silver futures with a maturity date of July 5, 2024 are currently selling at Rs 87354 per kg on the MCX, up 0.35 percent from the previous trade. Due to its historically low correlation with other financial assets, investors prefer to utilise gold as a hedge against prospective economic downturns. Bond yields typically decrease in response to rising gold prices.
Price of gold in some major cities
| Name of cities | Prices of 22k gold in rupees |
| Delhi | 66300 |
| Kerala | 66150 |
| Pune | 66150 |
| Lucknow | 66300 |
| Patna | 66300 |
| Nagpur | 66150 |
| Chandigarh | 66150 |
| Surat | 66300 |
| Bhubaneswar | 66300 |
| Mumbai | 66150 |
Disclaimer: (This information is provided solely for informational purposes. It is important to note that investing in the market or a business idea involves market risks. Before investing money as an investor/ owner/ partner, always consult an expert. DNP News Network Private Limited never advises to invest money on stocks or any specific business idea. We will not be liable for any financial losses.)
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